Mukhyamantri Mahila Utkarsh Yojana
Gujarat-based women entrepreneurs can get interest-free loans of up to ₹1 lakh to start or grow their businesses — no collateral required. The government also offers a 6% annual subsidy if you repay on time, along with free skill development training. Apply through your nearest Gujarat Women's Economic Development Corporation (GWEDC) office or the official scheme website.
About This Scheme
Gujarat-based women entrepreneurs can get interest-free loans of up to ₹1 lakh to start or grow their businesses — no collateral required. The government also offers a 6% annual subsidy if you repay on time, along with free skill development training. Apply through your nearest Gujarat Women's Economic Development Corporation (GWEDC) office or the official scheme website.
Full official description
Details
Under the scheme, the government provides interest-free loans of up to Rs. 1 lakh to women entrepreneurs who wish to start a new business or expand their existing one. The loans are provided without any collateral security, and the repayment period is up to five years.
The scheme also provides training and skill development programs to women entrepreneurs to help them build their business acumen and enhance their knowledge of entrepreneurship. The Mukhyamantri Mahila Utkarsh Yojana is a great initiative to promote women's entrepreneurship and to empower them to become financially independent. over the scheme name, launch date, ministry/dept. name, target beneficiary, benefits, etc.)
Objectives: The main objectives of the scheme are:
To promote women's entrepreneurship and provide them with financial assistance to start or expand their businesses.
To provide interest-free loans to women entrepreneurs to promote their business ventures.
To provide training and skill development programs to women entrepreneurs to enhance their knowledge of entrepreneurship.
To create employment opportunities for women in the state.
Features of the Scheme:
- Interest-Free Loans: Under the scheme, women entrepreneurs can avail of interest-free loans of up to Rs. 1 lakh to start or expand their businesses. The loans are provided without any collateral security.
- Repayment Period: The repayment period for the loan is up to 5 years.
- Training and Skill Development: The scheme provides training and skill development programs to women entrepreneurs to help them build their business acumen and enhance their knowledge of entrepreneurship.
Subsidy: The government also provides a subsidy of 6% per annum to women entrepreneurs who repay their loans on time.
No Processing Fee: The scheme does not charge any processing fee for the loan application.
No Income Limit: There is no income limit for women entrepreneurs to apply for the scheme.
Benefits
- Interest-free loan up to ₹1 lakh — no collateral required
- 6% annual subsidy if you repay on time
- Repayment period of up to 5 years
- Free training and skill development programs
- No processing fee and no income limit
Who Can Apply (Eligibility)
- Must be a woman and permanent resident of Gujarat
- Must be 18 years of age or older
- Must have passed at least Class 8 (8th standard)
- Must have a valid Aadhaar card
- Government employees are not eligible
Exclusions
Exclusions Government employees are not allowed to apply to the scheme. The student obtaining benefits under this scheme shall not be allowed to avail of benefits under any other scheme for this purpose.
How to Apply
Application Process Visit the official website of the scheme Download the application form from the website or obtain it from the nearest Gujarat Women's Economic Development Corporation (GWEDC) office. Fill in the application form with all the necessary details, including personal and business-related information. Attach all the required documents mentioned in the application form. Submit the Application Form.
Frequently Asked Questions
Can the loan be used for any type of business?
Yes, the loan can be used for any type of business, including manufacturing, service, or trading
Is there any income limit for women entrepreneurs to apply for the scheme?
No, there is no income limit for women entrepreneurs to apply for the scheme. It is open to women from all income groups
Is collateral security required for the loan?
No, collateral security is not required for the loan. The loan is provided without any collateral security.
What is the repayment period for the loan?
The repayment period for the loan is up to 5 years, giving entrepreneurs sufficient time to repay the loan
Can women entrepreneurs who have already taken loans from other schemes or financial institutions apply for the scheme?
Yes, women entrepreneurs who have already taken loans from other schemes or financial institutions can also apply for the scheme, provided they meet the eligibility criteria mentioned above.
Is the scheme open only to women residents of Gujarat?
Yes, the scheme is open only to women residents of Gujarat who meet the eligibility criteria mentioned above.
Is there any age limit for women entrepreneurs to apply for the scheme?
Yes, the applicant should be 18 years of age or above to apply for the scheme.
What is the minimum educational qualification required to apply for the scheme?
The applicant should have passed at least 8th standard to be eligible for the scheme.
Is the scheme open to women entrepreneurs from all income groups?
Yes, the scheme is open to women entrepreneurs from all income groups. There is no income limit for applying for the scheme.
Is it mandatory to have a business plan to apply for the scheme?
Yes, it is mandatory to submit a detailed business plan along with the application form. The plan should include the type of business, investment required, and expected revenue
Is there any application fee for applying to the scheme?
No, there is no application fee for applying to the scheme
Can an applicant submit multiple applications for the same business idea?
No, an applicant can submit only one application for the same business idea.
Is it necessary to have a registered business to apply for the scheme?
No, it is not necessary to have a registered business to apply for the scheme. However, the applicant should have a detailed business plan, including the type of business, the investment required, and expected revenue.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- List of required documents
- The applicant should have a valid Aadhaar card.
- Any government-issued identity proof such as Voter ID, Driving License, or PAN Card.
- Any government-issued address proof such as Voter ID, Driving License, or Passport.
- The applicant should provide a certificate of having passed at least 8th standard.
- The applicant should submit a detailed business plan, including the type of business, the investment required, and expected revenue.
- The applicant should provide the bank account details for the loan disbursement.
- Recent passport-size photographs of the applicant.